I'm seeing the same issue on my 5s as well. I'm sure they'll fix it in the next update.
It's part of the DLS bug has always caused a problem for Apple.
No it doesn't:
As you can see it is 4min to 1100 and yet it still shows the red line at 4min to 1200.
Image
Edit: You edited your post while I was mid-quote. 24 hr does not fix this, as your original post said.
So what is the solution? Anyone know what Apple's response has been? I hope it's not wait until Standard time for it to be accurate?